Arthur J. Gallagher & Co. Acquires New York’s Lloyd Bedford Cox

Arthur J. Gallagher & Co. acquired Bedford Hills, New York-based Lloyd Bedford Cox. Inc. (LBC). Terms of the transaction were not disclosed.

Founded in 1921, LBC is a fourth-generation retail insurance agency providing insurance coverage, services and risk assessment tools to high-net-worth individuals and families throughout the U.S., Europe, the Bahamas and the Caribbean.

J. Jeffers Cox and his associates will remain in their current location under the direction of Patrick Kennedy, head of Gallagher’s Eastern region retail property/casualty brokerage operations.

Arthur J. Gallagher & Co., a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. The company has operations in 57 countries and offers client service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.

Source: Arthur J. Gallagher & Co.